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CareCloud Secures $10M Credit Facility from Provident Bank

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CareCloud Secures $10M Credit Facility from Provident Bank

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An announcement from CareCloud ( (CCLD) ) is now available.

On September 3, 2025, CareCloud, Inc. secured a $10 million credit facility from Provident Bank, replacing a previous obligation to Wells Fargo. This move, which involved borrowing $8.3 million to support the acquisition of Medsphere Systems Corp., provides more favorable terms and strengthens CareCloud’s liquidity, enhancing its ability to execute its growth strategy.

The most recent analyst rating on (CCLD) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on CareCloud stock, see the CCLD Stock Forecast page.

Spark’s Take on CCLD Stock

According to Spark, TipRanks’ AI Analyst, CCLD is a Neutral.

CareCloud’s overall stock score is driven by strong financial performance and positive earnings call highlights. However, technical analysis suggests caution due to overbought conditions, and valuation metrics are weak due to a negative P/E ratio.

To see Spark’s full report on CCLD stock, click here.

More about CareCloud

CareCloud, Inc. is a leader in healthcare technology and AI-powered solutions, offering services such as revenue cycle management, practice management, electronic health records, business intelligence, patient experience management, and digital health. The company serves over 40,000 providers, helping them improve patient care while reducing administrative burdens and operating costs.

Average Trading Volume: 487,055

Technical Sentiment Signal: Buy

Current Market Cap: $147.7M

For detailed information about CCLD stock, go to TipRanks’ Stock Analysis page.

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